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124 SPRUCE Street
Out of Town No City Value V0B 2G0

$7,020,000
Multi-Family Commercial

Golden Oak
Photo 1: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Photo 2: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Photo 3: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Photo 4: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Photo 5: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Photo 6: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040519
Build. Type:
Low Rise (2-4 stories)
124 SPRUCE & 525-575 PINE AVE, SPARWOOD, BC. Great rental history. 1 of 3 offerings that also includes 2 properties in Cranbrook (61 units) and 2 properties in Elkford (120 units). Total of 242 units available. Contact LB for access to confidential Data Room. Estate Sale, Closing is subject to Probate.
Sale Type:
Asset
Building Type:
Low Rise (2-4 stories)
# Units:
61
# of Appartments:
0
# of 1 Bedroom Appartments:
15
# of 2 Bedroom Appartments:
46
Year built:
1974 (Age: 47)
Total Floor Area:
0 sq. ft.
Lot Area:
1.76 acre(s)
Land Use/Zoning:
R-3
Permitted Use:
Multifamily (5+)
Taxes:
$22,410 / 2021
Env Assmt Phase:
No
Cap Rate %:
5.0
Gross Income:
$603,870
Oper. Expenses:
$248,865
Net Operating Income:
$347,251
Original Price:
$7,020,000
  • Photo 1: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Golden Oak
  • Photo 2: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Golden Oak - Parking
  • Photo 3: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Golden Oak - Rear View
  • Photo 4: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Pineway
  • Photo 5: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Pineway
  • Photo 6: 124 SPRUCE Street in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8040519
    Pineway - Both Buildings
Listed by MACDONALD COMMERCIAL R.E.SERV.
Data was last updated October 20, 2021 at 06:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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